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Michael Kosares

Michael J. Kosares has over 40 years’ experience in the gold business. He is the founder and executive director of USAGOLD (both the website and gold brokerage service), the author of three books on the gold market, and the editor of "News, Commentary & Analysis," the firm's client letter. He has written numerous magazine and internet essays and is well-known for his ongoing commentary on the gold market and its economic, political and financial underpinnings. Visit his website at www.usagold.com.

Michael Kosares Articles

A report from the demand front… “I can’t remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like ‘gold is my enemy, I’m always watching what gold is doing’, we need to think why he made a...

Gallup poll ranks gold second best long term investment after real estate. Under normal circumstances, I might let a rutty headline about gold in the Financial Times pass without much notice. I say “rutty” because the Financial Times has...

In conjunction with the implementation of the Volcker Rule (effective April 1, 2014 with full compliance now scheduled by July 21, 2015) there has been an exodus of talent from the banks. The latest heavyweight departure came yesterday...

This collection of charts is for those who do not like a lot of verbiage to justify an investment decision -- just the facts. Two primary themes drive the specific chart selections presented here: First, it is clear that none of the...

TheChartStore.com’s Ron Griess and I go back a lot of years. He is one of the top technical analysts around and we have used his charts at this site almost from its beginning in the 1990s, and before that in the old News & Views...

A BOOK COULD BE WRITTEN ON THE SUBJECT OF GOLD AS A HEDGE against the various ‘flations. I hope the short sketches provided over the course of this series will serve at least as a functional introduction to the subject. The conclusion is...

ANDREW DICKSON WHITE ENDS HIS CLASSIC HISTORICAL ESSAY on hyperinflation, “Fiat Money Inflation in France,” with one of the more famous lines in economic literature: “There is a lesson in all this which it behooves every thinking man to...

N THE CONTEMPORARY GLOBAL FIAT MONEY SYSTEM, when the economy goes into a major tailspin, both the unemployment and inflation rates tend to move higher in tandem. The word “stagflation” is a combination of the words “stagnation” and “...

“The inability to predict outliers implies the inability to predict the course of history. . .But we act as though we are able to predict historical events, or, even worse, as if we are able to change the course of history. We produce...

“The inability to predict outliers implies the inability to predict the course of history. . .But we act as though we are able to predict historical events, or, even worse, as if we are able to change the course of history. We produce...